Ralph Herzka
On the Money!
Gloria Ybarra
Ralph Herzka, 46 (pictured), David Rosenberg, 36, and
Ronnie Levine, 33, of commercial mortgage
brokerage Meridian Capital Group talk about
the dismal, difficult state of lending
in Manhattan—and why their sorts of jobs
matter more than ever.
Ronnie Levine, 33, of commercial mortgage
brokerage Meridian Capital Group talk about
the dismal, difficult state of lending
in Manhattan—and why their sorts of jobs
matter more than ever.
Location: How’s the capital market doing?
Mr. Herzka: If you’re talking about the Wall Street type of funding, that’s pretty much nonexistent.
Where’s the financing coming from?
From a lot of the commercial banks, large savings banks, life insurance companies, a consortium of banks funding larger deals, and of course the agencies Freddie Mac and Fannie Mae.
And what kind of financing do you do?
Meridian actually specializes in all income-producing properties, whether it’s multi-family, retail, industrial or office. You’re sitting here with David Rosenberg, who heads up the capital markets group. And Ronnie Levine, who heads up the structured [financing] and construction group. read more »
